A new resource estimate for Tournigan Gold Corp.'s (TSX.V: TVC) Kuriskova project saw the company's stock jump 34.8% to $4.03 on Monday.

The presidents of Kazakhstan and Russia have agreed to set up a joint uranium enrichment center in Siberia. The document was signed during a visit to Astana by Russian President Vladimir Putin. The center is envisioned as being made available for use by foreign countries that want to process nuclear fuel for peaceful energy generation.

From Governor Bill Richardson on down, state legislators and the administration suddenly became aware of the valuable resource their state was sitting on. At today's value, the uranium resource of approximately 600 million pounds is worth more than $54 billion.

Fears about peak oil and the concept of uranium as a cleaner energy source have coupled in the industry's collective imagination and forced the price of uranium to triple in the last year. On the supply side experts are alerting the public of shortages and many are saying that the uranium price will continue to climb as a result. With bio-energy solutions seen as being far-off in the future, uranium is being touted as nothing less than the solution to world's energy and greenhouse gas problems.

Uranium has been a hot topic of late, but one environmental engineer believes nuclear energy does not have a justifiable place in Australia's future. Australia's Prime Minister John Howard believes nuclear power is part of the solution to Australia's future energy needs.

As government and corporate leaders look to uranium as a cleaner alternative to fossil fuel energy sources, some environmental groups are demanding that resource companies act responsibly. Recently, I spoke with the president of Ultra Uranium Corp. [TSX: V.ULU], Ray Roland, about Ultra's stance on this issue.

Nearly 500 companies are posing as 'uranium mining companies' worldwide. Hundreds of those publicly traded uranium companies will never mine a single pound of uranium. Along with the crash-and-burn of those companies, many investors could lose all or a large part of their speculative investment. How can one really find out which companies have an honest shot at becoming uranium miners?

Synatom's Fuel Supply manager Gerard Pauluis said, "As the market matures, we will experience uncontrollable price spikes." Urenco senior executive Maurice Lenders argues, "Suppliers and customers must be open about what they have and what they need so that supply will be available to meet demand."

Blue Sky Poised to Secure Very Significant Uranium Land Package in Argentina.

According to Friday's Nuclear Market Review (NMR), many market participants were left stunned by the recent record jump in the weekly spot uranium price. The market has increasingly diverged between those who have U3O8 and those without. Utilities with existing supply contracts "are heaving a sigh of relief," NMR editor Treva Klingbiel wrote. And those trying to find uranium in today's climate "are forced to face the reality of a seller's market," she said.

Until the previous uranium cycle ended in the 1980s, Juniper Ridge had reportedly been the site of 12 small open-pit uranium mines. Many in the industry had called it the 'best uranium discovery in southern Wyoming.'

Soaring yellowcake prices have accelerated a greater number of uranium juniors rolling off the assembly line. As fast as stock promoters can revive old shells, joint venture a more serious uranium company's castaway property into the re-named shell, and then wheel a former 'big name' out of retirement (or a nursing home), the company will announce they are in the 'hunt' for uranium.